12.61
RevenueNT$B
13.43
13.65
14.05
14.67
14.99
15.28
15.86
16.09
16.49
16.68
13.75
2.16%
2.47%
82
23.30
Revenue growth%
12.28
11.76
13.48
13.07
15.60
18.36
19.55
17.22
16.79
14.43
22.85
17.22
15.01
80
3.82
Gross margin%
32.00
31.60
29.83
31.75
28.96
31.04
29.49
31.14
30.92
30.04
8.11
30.92
30.98
19
15.06
Operating margin%
20.90
19.79
21.46
19.93
21.56
21.91
20.33
19.10
20.91
22.61
26.08
20.91
20.91
8
26.59
Net margin%
17.21
20.03
21.25
21.28
20.58
17.88
19.58
22.47
21.10
18.56
15.48
19.58
20.31
60
31.32
P/E ratio (avg)x
6.068
5.591
5.765
6.147
5.929
5.744
6.043
6.596
6.432
6.267
19.89
6.267
6.056
39
30.79
EV/EBITx
19.04
19.27
18.44
18.48
20.22
20.43
21.63
22.92
22.45
23.70
34.32
22.45
20.32
23
2.72
FCF yield (avg)%
19.02
18.60
19.00
20.76
23.75
22.58
24.43
27.37
29.70
31.97
27.83
27.37
23.17
16
6.10
FCF margin%
21.15
18.55
19.16
19.98
17.65
19.20
19.40
22.19
20.07
19.39
26.72
19.40
19.40
7
0.980
FCF / Net incomex
0.869
0.932
0.933
1.008
0.997
1.020
0.994
0.965
0.854
0.756
1.330
0.965
0.949
95
21.95
ROIC%
6.88
8.47
10.62
11.55
13.35
10.76
10.29
11.38
11.91
9.19
23.23
10.76
10.69
55
18.49
Return on equity%
0.40
0.40
0.40
0.40
0.40
3.05
2.14
0.40
1.30
0.82
10.56
1.30
0.40
47
7.84
Return on assets%
26.35
25.00
26.98
25.06
24.91
24.14
21.55
23.14
24.91
26.84
7.50
24.14
24.96
24
15.63
EPSNT$
28.83
27.94
26.20
25.15
23.42
24.41
26.45
27.10
31.14
33.70
17.30
7.55%
1.87%
—
18.02
EPS growth%
28.21
30.40
30.07
27.95
25.87
24.27
25.58
24.25
21.47
19.69
21.66
24.25
25.72
38
11.67
Bookvalue per shNT$
24.72
27.99
29.63
33.24
31.76
33.44
33.86
35.84
35.35
36.34
29.34
2.73%
3.47%
—
23.70
FCF per shareNT$
28.71
33.45
35.44
37.61
39.62
45.10
52.57
59.41
63.47
72.03
5.60
12.70%
10.12%
—
10.77
Dividend per shNT$
21.57
23.58
23.08
24.99
25.50
29.22
31.44
36.84
36.75
37.96
6.10
8.28%
6.50%
—
3.35
Div yield (avg)%
19.95
17.49
14.91
13.71
15.67
15.19
13.37
11.42
11.62
10.10
20.96
11.62
14.31
81
19.16
Payout ratio%
17.60
17.32
20.26
20.89
21.81
20.88
23.41
21.66
19.91
17.48
29.29
20.88
20.57
11
239.4
Shares (diluted)M
472.8
517.0
584.3
657.4
680.5
741.4
778.0
807.2
831.3
994.3
237.0
7.88%
9.84%
80
7.03
Buyback yield%
10.96
12.41
9.71
12.40
10.31
10.56
11.76
13.76
13.89
11.80
9.05
11.80
11.78
88
0.459
D/E ratiox
1.293
1.393
1.514
1.596
1.456
1.364
1.506
1.388
1.244
1.392
0.429
1.388
1.392
44
10.53
Enterprise valueNT$B
5.560
5.610
6.222
6.267
7.084
8.321
9.581
10.71
12.30
12.48
5.379
11.98%
9.34%
88
4.616
LT debtNT$B
12.92
14.35
16.46
18.93
20.43
21.10
22.50
23.93
25.88
29.85
9.184
7.87%
9.95%
50
Cost of revenue
2.51%
1.00×
Operating expenses
1.87%
0.94×
Property and equipment
17.55%
Spread over hurdle
(1.71%)